TIAA Trust National Association Sells 2,329 Shares of Emerson Electric Co. $EMR

TIAA Trust National Association lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,052 shares of the industrial products company’s stock after selling 2,329 shares during the period. TIAA Trust National Association’s holdings in Emerson Electric were worth $4,273,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SS&H Financial Advisors Inc. increased its position in Emerson Electric by 46.9% during the second quarter. SS&H Financial Advisors Inc. now owns 14,400 shares of the industrial products company’s stock valued at $1,920,000 after acquiring an additional 4,600 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Emerson Electric by 7.5% during the second quarter. GHP Investment Advisors Inc. now owns 95,130 shares of the industrial products company’s stock valued at $12,684,000 after acquiring an additional 6,616 shares during the last quarter. Kesler Norman & Wride LLC increased its position in Emerson Electric by 2.1% during the second quarter. Kesler Norman & Wride LLC now owns 43,329 shares of the industrial products company’s stock valued at $5,777,000 after acquiring an additional 881 shares during the last quarter. Finally, Hills Bank & Trust Co increased its position in Emerson Electric by 18.7% during the second quarter. Hills Bank & Trust Co now owns 11,693 shares of the industrial products company’s stock valued at $1,559,000 after acquiring an additional 1,844 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EMR shares. Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Wolfe Research cut their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Up 0.4%

NYSE:EMR opened at $140.08 on Tuesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a 50-day moving average of $132.41 and a 200 day moving average of $129.03. The firm has a market cap of $78.84 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio is 45.38%.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.